#296: How a Couple Bought 11 Rental Units in 5 Years (Starting $100k in Debt)
Real Estate Investing with Coach Carson
Chad Carson
4.9 • 613 Ratings
🗓️ 26 June 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
Episode #296 - Discover the FI couple's invaluable negotiation strategies and powerful network connections that enabled them to secure $1.3 million in real estate. Be inspired as they share how they achieved financial freedom in 5 years, built a steady cash flow, and unlocked the secrets to optimizing their rental business.
📑 COMPANION ARTICLE/SHOW NOTES:
https://www.coachcarson.com/ficouple/
Links:
Get the FI Couple's Deal Analyzer: https://theficouple.gumroad.com/l/dealanalyzer
Paying Off $100k in Debt While Investing in Real Estate - the FI Couple: https://youtu.be/nsza3x9m3Ug
Stay in touch with the FI Couple:
Website: https://www.theficouple.com
Instagram: https://www.instagram.com/theficouple/
Twitter: https://twitter.com/theficouple
🎬 AUDIO TIMESTAMPS:
0:00 - No connections, no knowledge
2:43 - Paying of $100k
4:53 - How to get started even with debt
7:17 - 1st deal financing
9:41 - Scaling to $1.3 million
13:50 - How to find great deals
20:49 - 2023 deal
26:23 - Negotiation tactics
29:21 - Benefits of Seller Financing
35:57 - Deal numbers45:52 - Treating tenants right
47:09 - Summary
______________________
🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine
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💰CREATIVE FINANCING COURSE🏘️Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork!
https://coachcarson.com/creativefinancing
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🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast
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▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1
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📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit
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FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/
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READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook
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👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson
Transcript
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| 0:00.0 | And we own actually $1.3 million of real estate. |
| 0:03.5 | We paid off over six figures of debt. |
| 0:06.2 | This is our last year of working nine to five jobs. |
| 0:08.8 | Allie just had her last day, I think, two months ago. |
| 0:11.6 | It has been a grind the past five years. |
| 0:14.5 | And we started with no connections in real estate, no knowledge, all of that debt. |
| 0:19.8 | And it has been like really intense to get to |
| 0:23.3 | the point where we're at, but it's been really incredible too. |
| 0:34.4 | Welcome to the podcast, Real Estate Investing with Coach Carson. I'm your host, Chad Carson. You can also call me Coach, and this is a show to help you get out of the financial grind so you can do more of what matters. Whether you're a long-time listener or a first-time listener, thank you for being back for another episode. The title of this episode is How a Couple Bought 11 rental units in five years, starting with $100,000 worth of debt. |
| 0:57.2 | So this is an interview with Ali and Josh, also known as the Phi couple if you follow them online |
| 1:02.0 | on social media, on Instagram, and Twitter. I've also gotten to know Ali and Josh behind |
| 1:06.0 | the scenes really well. They're amazing people. And I actually featured them in my upcoming book, |
| 1:10.4 | The Small and Mighty |
| 1:11.2 | Real Estate Investor. So what you're going to get in this episode is an in-depth look at their |
| 1:15.4 | entire journey as real estate investors. This includes how they got started and bought their |
| 1:19.3 | first property with a limited amount of funds. They bought a house hacking duplex using an owner |
| 1:23.6 | occupant loan. We had like a thousand or two from our wedding that we used as gift money. |
| 1:28.8 | And literally every penny we had saved. |
| 1:31.1 | Like we didn't go on a honeymoon. |
| 1:32.3 | We lived very basic. |
| 1:34.7 | And like every dollar we had literally to our names went to that house act. |
| 1:39.3 | And then from there, they repeated the process, bought another duplex with a small down payment |
... |
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